Global Laboratory Information Management Systems Market (LIMS) is Booming at a CAGR of 12.6% by 2023

Laboratory Information Management Systems Market analysis including industry Overview, Country Analysis, Key Trends, Key Retail Innovations, Competitive Landscape and Sector Analysis for upcoming years.

PUNE, INDIA - November 8, 2019 /MarketersMedia/ —

“The Global Laboratory Information Management Systems Market projected to grow at a CAGR of 12.6%.”
The Global Laboratory Information Management Systems Market is expected to reach USD 1,355.0 million by 2023 from USD 747.3 million in 2018, at a CAGR of 12.6%. Growth in this market is driven by the increasing use of LIMS to comply with stringent regulatory requirements, increasing focus on improving the efficiency of laboratories, technological advancements in LIMS offerings, increasing R&D expenditure in pharmaceutical and biotechnology companies, and growing adoption of cloud-based LIMS. On the other hand, the high maintenance and service costs and the lack of integration standards for LIMS the growth of this market.

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List of Top Companies profiled in the Report:- LabWare (US),Thermo Fisher Scientific (US),Abbott Informatics (US),LabVantage Solutions (US),LabLynx (US),Autoscribe Informatics (US),Computing Solutions (US),GenoLogics (Canada),LABWORKS (US),Dassault Systèmes (France),Siemens (Germany),Accelerated Technology Laboratories (US).

“Services are expected to grow at the highest CAGR during the forecast period.”
Based on component, the LIMS market is segmented into services and software. The services segment is expected to register the highest CAGR during the forecast period. The large share of the services segment can be attributed to the recurring requirement of services such as training, software upgrades, and software maintenance post-installation.

“Pharmaceutical and biotechnology companies are expected to dominate the market during the forecast period.”
Based on type, the Global Laboratory Information Management Systems Market for the life sciences industry is segmented into pharmaceutical and biotechnology companies, bio banks and bio repositories, CROs & CMOs, molecular diagnostics (MDx) & clinical research laboratories, academic research institutes toxicology laboratories, NGS laboratories, and forensic laboratories. The pharmaceutical and biotechnology companies segment is expected to account for the largest share of the life sciences market by type in 2018. The large share of this segment can be attributed to the increasingly adopting LIMS systems to automate laboratory workflows and improve operational efficiency, which helps them in early drug discovery, meeting regulatory requirements, instrument calibration, certification, and maintenance.

“Asia to witness the highest growth during the forecast period.”
In 2018, North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in the Asian market is attributed to factors such as increasing outsourcing activities in these countries due to the availability of low-cost and skilled labor and the increasing awareness and availability of LIMS.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the over allLIMS market and its sub segments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies. The report also will also help stakeholders understand the pulse of the market and provide them with information regarding key market drivers, restraints, challenges,and opportunities.

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Table of Contents in Laboratory Information Management Systems Market Report:
1 Introduction (Page No. - 19)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitation
1.6 Stakeholders

2 Research Methodology (Page No. - 22)
2.1 Research Data
2.2 Secondary Data
2.2.1 Secondary Source
2.3 Primary Data
2.3.1 Key Data From Primary Sources
2.3.2 Key Industry Insights
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions for the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
4.1 Laboratory Information Management System: Market Overview
4.2 Market, By Type, 2018–2023
4.3 LIMS Market, By Component, 2018 vs 2023 (USD Million)
4.4 Market, By Deployment Model, 2018 vs 2023 (USD Million)
4.5 Geographic Analysis: Market, By Industry (2018)
4.6 Geographical Snapshot of the LIMS Market

5 Market Overview (Page No. - 39)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Use of LIMS to Comply With Stringent Regulatory Requirements
5.2.1.2 Increasing Focus on Improving the Efficiency of Laboratories
5.2.1.3 Technological Advancements in LIMS Offerings
5.2.1.4 Growing Adoption of Cloud-Based LIMS
5.2.1.5 Growing R&D Expenditure in Pharmaceutical and Biotechnology Companies
5.2.2 Restraints
5.2.2.1 High Maintenance and Service Costs
5.2.2.2 Lack of Integration Standards for LIMS
5.2.3 Opportunities
5.2.3.1 Use of LIMS in the Cannabis Industry
5.2.3.2 Significant Growth Potential in Emerging Markets
5.2.4 Challenges
5.2.4.1 Dearth of Trained Professionals

6 Laboratory Information Management System Market, By Type (Page No. - 44)
6.1 Introduction
6.2 Broad-Based LIMS
6.3 Industry-Specific LIMS
7 Laboratory Information Management System Market, By Component (Page No. - 51)
7.1 Introduction
7.2 Services
7.3 Software
8 Laboratory Information Management System Market, By Deployment Model (Page No. - 58)
8.1 Introduction
8.2 On-Premise LIMS
8.3 Cloud-Based LIMS
8.4 Remotely Hosted LIMS
9 LIMS Market, By Industry (Page No. - 67)
9.1 Introduction
9.2 Life Sciences Industry
9.2.1 Pharmaceutical and Biotechnology Companies
9.2.2 Contract Service Organizations
9.2.3 Biobanks & Biorepositories
9.2.4 Molecular Diagnostics & Clinical Research Laboratories
9.2.5 Academic Research Institutes
9.2.6 Ngs Laboratories
9.2.7 Toxicology Laboratories
9.3 Food & Beverage and Agriculture Industries
9.4 Petrochemical Refineries and the Oil & Gas Industry
9.5 Chemical Industry
9.6 Environmental Testing
9.7 Other Industries
10 Laboratory Information Management Systems Market, By Region (Page No. - 100)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Rest of Europe (RoE)
10.4 Asia
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Rest of Asia
10.5 Rest of the World
11 Competitive Landscape (Page No. - 148)
11.1 Overview
11.2 Market Share Analysis, 2017
11.3 Competitive Scenario
11.3.1 Product Launches and Upgradations (2015–2018)
11.3.2 Expansions (2015–2018)
11.3.3 Partnerships (2015–2018)
11.3.4 Acquisitions (2015–2018)
12 Company Profiles (Page No. - 154)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
12.1 Labware
12.2 Thermo Fisher Scientific
12.3 Abbott Informatics (A Subsidiary of Abbott Laboratories)
12.4 Labvantage
12.5 Lablynx
12.6 Autoscribe Informatics (A Wholly Owned Subsidiary of Autoscribe Limited)
12.7 Computing Solutions
12.8 Genologics, Inc. (An Illumina Company)
12.9 Labworks LLC
12.10 Dassault Systèmes
12.11 Siemens
12.12 Accelerated Technology Laboratories
13 Appendix (Page No. - 177)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
And more...

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